Air Senegal has embarked on a comprehensive restructuring process, according to its CEO, Tidiane Ndiaye. The company’s strategy focuses on strengthening its operations within Africa before expanding further into Europe. This approach is designed to solidify the airline’s position in regional markets and build a foundation for broader international growth.
Spirit Airlines, based in the United States, has cautioned that its shareholders could see their equity wiped out as the airline negotiates a restructuring deal with creditors. This announcement underscores the financial difficulties Spirit faces as it seeks to stabilize its operations through a comprehensive restructuring plan, which could impact current shareholder value significantly.
Thai Airways International faces strong opposition from its labor union and creditors regarding a proposed amendment to its business rehabilitation plan. The amendment seeks to add two government officials as administrators of the airline’s rehabilitation process, a move that has stirred concerns among stakeholders. Both the labor union and creditors argue that appointing government officials as administrators could influence the airline’s management and…
